Export prices for most grades of rice continued to decline in line with domestic prices. The contraction of domestic prices of
white rice and fragrant rice reflect concerns over the Government’s plan to sell off intervention stocks. Also, foreign buyers reportedly wait and
see, as they expect downward pressure on domestic prices. In addition, despite current flooding in the north, most exporters are still optimistic on
new crop production, which will enter the market in the next couple of months, as the floods in this area normally recede rapidly. Moreover,
exporters reportedly did not expect enhanced opportunity for Thai rice from the current fluctuations in U.S. rice prices due to product
differentiation.